SportsNuts.Com Board of Directors Approves 3-1 Forward Stock Split;
Company Seeking Shareholder Approval to Make Effective
SALT LAKE CITY, Dec. 21 /PRNewswire/ -- SportsNuts.com (OTC Bulletin Board: SPCI - news) today announced that the Board of Directors has approved a
3-for-1 forward split of the Company's Common Stock. The Company is presently seeking shareholder approval for the split to become effective. According to the
resolution of the Board of Directors, if the split is approved by the shareholders, all holders of record of Common Stock, as of the date of such shareholder
approval, will be entitled to receive 3 shares of Common Stock for each share of Common Stock currently held.
About SportsNuts.com
SportsNuts.com (www.sportsnuts.com) is a leader in providing Internet- based tools that enable teams, leagues, and players to build their own online sports
communities. Community members publish schedules, statistics, pictures, videos, and articles for free -- all on a safe, secure, and easy-to- use website.
SportsNuts.com is the emerging technology leader in sports information systems. The Company's mission is to build a world-class, online amateur sports portal --
providing fans, players, and coaches with the tools they need to manage the sports they play.
This press release contains certain ``forward-looking statements,'' as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a
number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ
materially from management's current expectations. Such risk factors are detailed from time to time in the Company's filings on forms 10-QSB, 10-KSB, and 8-K
with the U.S. Securities and Exchange Commission and other regulatory authorities.
Contact: SportsNuts.com Investor Relations, M. Johnson and Associates,
877-893-8668, www.mjaonline.com
This is a publication of M.Johnson & Associates (M.J&A), a financial communications and investor relations company. M.J&A serves as special advisor to the
featured Company and has received fees for services and expenses for preparation and distribution of materials of said Company.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange
Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that
are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking
statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition
involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the
future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production,
pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors,
which may affect future results, are contained in the Company's most recent filings.
Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press
release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.
SOURCE: SportsNuts.com |
